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Purchasing property in Switzerland as a foreigner can be a complex process due to specific regulations and restrictions. Depending on factors such as your residency status, nationality, and intended use of the property, you may need special approval to proceed. This guide explores the key rules and requirements, helping you navigate the Swiss real estate market with confidence.
Published on: December 2, 2024 | Reading time: Approximately 5 minutes
Are there restrictions for foreign buyers?
In Switzerland, not all foreign individuals are free to purchase property. People living in Switzerland who want to buy an apartment, house, or land may in certain cases need a dedicated purchase approval. These restrictions are in place to prevent foreign buyers from disproportionately influencing the Swiss real estate market. The need for a purchase approval depends on the buyer’s residence status, nationality, and the purpose of the purchase.
Do you need approval to purchase property?
EU/EFTA nationals
EU/EFTA nationals residing in Switzerland can purchase property without the need for approval and enjoy the same rights as Swiss citizens.
Third-country nationals with a B permit
Individuals with a B residence permit can purchase property for personal use but must obtain approval if they wish to buy a holiday home or a second residence.
Holders of a C permit
Holders of a C permanent residence permit have the same rights as Swiss citizens and do not need approval to purchase property.
Cross-border commuters (G permit)
Cross-border commuters may purchase a second home in the region where they work, but they are not allowed to rent it out.
Foreigners without residence in Switzerland
Foreigners without residence in Switzerland, except for cross-border commuters, require a purchase permit to acquire real estate in Switzerland.
Which properties can you buy in Switzerland?
- Primary residence: You can purchase property for personal use.
- Holiday or second homes: These are subject to strict quotas and regulations.
- Commercial properties: Commercial properties can typically be purchased without the need for approval (Exceptions: rental, real estate trading, building construction).
What rules apply to holiday homes?
Holiday homes are subject to a national quota, which is distributed across cantons. In high-demand areas such as Zurich or Geneva, foreign buyers are prohibited from purchasing properties. Additionally, there are restrictions regarding the size and rental use of these properties.
How does the approval process work?
If a purchase approval is required, it must be requested from the cantonal authorities in the location of the property. The requirements vary by canton, and approvals are typically granted for a limited period (usually three years) and for a specific purpose. Additionally, you can find here an information sheet on the topic “Acquisition of property by foreign non-residents” from the Federal Office of Justice, which includes the contact details for cantonal authorities.
How can HYPOHAUS help me?
As a mortgage specialist, HYPOHAUS understands the specific requirements involved in purchasing property as a foreigner in Switzerland. Our team is happy to talk through any questions you might have on this topic.
For your property financing, HYPOHAUS offers access to a wide range of financing partners. We help you compare the best financing options and secure your desired mortgage.
A mortgage comparison with HYPOHAUS is free, non-binding, and saves you not only time but also money. You can find an overview of all HYPOHAUS services here.
